Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.25 | 0.90% |
| Return on Equity (%) | ▲ | 10.82% | +1.86 | 8.96% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.41 | 2.57% |
| Efficiency Ratio (%) | ▲ | 56.61% | -2.47 | 59.08% |
| Pre-Provision Profit ($M) | ▲ | $21 | +4.95 | $16 |
| Cost of Funds (%) | ▲ | 2.78% | -0.10 | 2.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,550 | +436.06 | $5,114 |
| Gross Loans ($M) | ▲ | $4,261 | +453.24 | $3,808 |
| Loan Growth YoY (%) | ▲ | 91.85% | +5.64 | 86.21% |
| Total Deposits ($M) | ▲ | $4,593 | +219.94 | $4,373 |
| Shareholders Equity ($M) | ▲ | $591 | +55.47 | $536 |
| Tang. Book Value ($M) | ▲ | $590 | +54.77 | $536 |
| TBV excl. AOCI ($M)** | ▲ | $615 | +59.47 | $555 |
| Loan / Deposit Ratio (%) | ▲ | 91.85% | +5.64 | 86.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.00 | 0.16% |
| Allowance / Loans (%) | — | 0.99% | 0.01% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.00 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.34% | -1.71 | 17.06% |
Noninterest income ($9.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▅█ | Net Interest Margin (%) | 2.52% | 2.52% | 2.48% | 2.57% | 2.67% | 2.72% | 2.76% | 2.98% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.74% | 0.73% | 0.71% | 0.90% | 0.91% | 0.94% | 0.94% | 1.15% |
| ███▃▂▂▂▁ | Efficiency Ratio (%) | 64.8% | 64.6% | 65.1% | 59.1% | 58.7% | 58.0% | 58.5% | 56.6% |
| ▇█▃▃▂▂▁▁ | Cost of Funds (%) | 3.10% | 3.17% | 2.91% | 2.88% | 2.85% | 2.85% | 2.80% | 2.78% |
| ▁▁▁▅█▂▅▅ | NPA / Assets (%) | 0.13% | 0.12% | 0.13% | 0.16% | 0.20% | 0.14% | 0.16% | 0.17% |
| ▁▁▂▅█▂▄▅ | Net Charge-Off Ratio (%) | 0.17% | 0.16% | 0.19% | 0.22% | 0.26% | 0.18% | 0.20% | 0.22% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $502 | $515 | $521 | $536 | $548 | $563 | $576 | $590 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $3,420 | $3,519 | $3,707 | $3,808 | $3,965 | $4,035 | $4,366 | $4,261 |
| ▁▃█▆▅███ | Total Deposits ($M) | $3,707 | $3,994 | $4,714 | $4,373 | $4,234 | $4,608 | $4,602 | $4,593 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 44% |